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psychologically some things occurring that are helping. but again, we have this election coming up next week and this so-called fiscal cliff. the earnings reports really haven't been that good either. so far investors are appearing willing to look beyond that and into further growth. but again, these sentiments can change, as we've seen, very quickly. > > we can always count on you for an update on china. what's the latest? > > well, china's nationwide purchasing manager report came in better-than-expected, so that reinforced ideas thaÑaÑaÑaÑaÑaÑñ of labor unions and good government organizations say mitt romney and his family made millions from investments as a result of the auto bailout but did not reveal the windfall in his june 1st, 2012 financial disclosure report to the office of government ethics. uaw president bob king says mitt romney and his family personally profited by at least $15.3 million from the 2009 auto bailout, yet did not disclose that in financial statements to run for president. "the public needs to know how much mitt romney bet against the american worker with
the tone of this year's election. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's tuesday, october 30th. i'm angela miles. hurricane sandy takes down the market. broll: wall street sign, empty streets around cboe for the second day in a row-- major trading exchanges including the nyse and cboe remain closed. it's the first time that's happened since 1888 when a blizzard blew through new york. the storm is bringing one benefit. in north carolina a ski resort is opening earlier than ever as sandy drops off several inches of fresh snow in the mountains and a shake up at apple. the senior vp of iphone and the head of retail are both leaving the company. with that we turn to larry shover of sfg alternatives-- it's the second day in a row that the major exchanges will be closed today. what do you think will be moving the most? oil, gold, or sit-on-the- sidelines kind of a day? probably a little on the sidelines but probably oil and the whole energy complex because they did shut down refineries and we just don
at the gas pump post- hurricane sandy and pre- election. plus, stocks that could pop or drop as the market gets back in action today. superstorm sandy is disrupting gas supplies on the east coast, but that will thankfully spare california, which has seen its own disruptions of late. gas has been more thn $4 a gallon for months in the golden state after disruptions at several refineries. those in sacramento saw prices dip below $4 per gallon just this week, but the state's average is still at $4.13 per gallon. nationally, gas prices are down more than a dime since last week, with an average cost of $3.53 per gallon. will prices continue to drop or head higher from here? joining us now on set, beth mosher of aaa. good morning to you. good to have you back on the show. > > good morning. thank you. > > what are you anticipating in the wake of superstorm sandy? > > we think that we've already seen some production stop. there's about six refineries in the northeast region. two of them have shut down production. demand has certainly dropped off. but we think overall across the country we are goin
coming out on friday. this is the last jobs report before the election. it's really going to set the tone for a lot of people. i think we're really going to have to see a big number to the upside. i don't anticipate seeing that. i anticipate continuing to see the same kind of numbers that we have seen, just showing mediocre growth. i think it's going to be important to watch the fomc that we have this week too to see what their read on the economy is and what it may be going forward as well. > > thank you very much. kevin craney, rjo futures. > > thank you. gross domestic product, often simply "gdp," is a broad measure of economic activity that can be a gross domestic problem for incumbent presidents. in the third quarter, gdp nudged up 2% - just about or slightly better than some predicted, and with enough positive as well as negative aspects for both presidential candidates to claim. the latest gdp numbers - up 2% in the third quarter - brought on an "extra" debate round for the presidential candidates. "it's great" "not so great" gdp - gross domestic product, the market value of goods
into the election. so, we'll see. but we know that real unemployment is still fairly high and there's something that needs to be done about that. as far as the election, do you expect there will be some sort of unleashing of money after the election? > > i don't. i think that what you'll see is an obama victory will be met with a small rally followed by some selling, and a romney victory will be met with some buying. but i think that the money is going to stay held tightly in hand, because right now most people are still trading ben bernanke and the fed and the money-printing system, and we know that in the long run that's not a great system to be trading. so better to be in cash than to try and case for yield in a field where you can't really find true answers yet. > > but at least the economy is still clicking. good to have you on the show this morning, todd. take care. > > thank you so much. have a great day. some airlines have resumed limited service to some of new york's airports, but some have not, and it's leaving some passengers, especially business travelers, up in the air. in our cove
Search Results 0 to 4 of about 5